Beowulf Mining SDB

Beowulf Mining plc has announced the start of a subscription period for a rights issue of up to 27,279,854 Swedish Depository Receipts (SDRs), beginning on 16 April 2025 and ending on 5 May 2025. The rights issue aims to raise approximately SEK 38.2 million at a price of SEK 1.40 per SDR. This is part of a larger capital raising effort that includes a UK issue, potentially bringing the total raised to SEK 59.1 million. The rights issue offers preferential rights to existing SDR holders, allowing them to subscribe for new SDRs based on their current holdings. Beowulf has secured underwriting commitments from Nordic investors for 40% of the issue. Trading in subscription rights and paid subscribed SDRs will occur on Spotlight. The company has engaged Evli Plc, Advokatfirman Lidström & Co AB, and Aqurat Fondkommission AB as advisers for this process. The announcement includes a cautionary note regarding forward-looking statements, highlighting potential risks and uncertainties that could affect future performance.

Beowulf Mining plc has announced a retail offer to raise up to £738,027 through the issuance of new ordinary shares via the Winterflood Retail Access Platform (WRAP). This is part of a broader capital raise effort, including a rights issue and a placing, aiming to gather approximately £4.6 million in total. The retail offer is open to eligible UK investors, with a minimum subscription of £100. The offer closes on 2 May 2025, with results expected on or around 8 May 2025. The shares will begin trading on AIM on 22 May 2025. The announcement also emphasizes that investing in the company carries risks, and investors may lose their entire investment.

Beowulf Mining plc has announced the publication of its Prospectus for a rights issue of Swedish Depository Receipts, approved by the Swedish Financial Supervisory Authority. The Prospectus is available in Swedish on Beowulf's website and other specified platforms. The company has engaged Evli Plc as its Swedish financial adviser, Advokatfirman Lidström & Co AB as legal advisor, and Aqurat Fondkommission AB as issuing agent. The announcement contains forward-looking statements about Beowulf's future performance, which are based on current expectations and are subject to various risks and uncertainties. The company does not commit to updating these statements immediately.

Beowulf Mining plc released an unaudited statement of its financial position as of the end of February 2025. The company is preparing to publish a prospectus for its ongoing capital raise and rights issue announced on April 4, 2025. Key financial figures include total current liabilities of £22,141, long-term liabilities of £10,700, and total equity of £17,210,227. The company's assets comprise non-current assets worth £17,267,661 and current assets of £528,775, totaling £17,796,436. The statement also highlights a net debt of £-260,580, with cash and cash equivalents amounting to £293,421. The document includes a cautionary statement regarding forward-looking information, noting that actual results may differ due to various risks and uncertainties.

Beowulf Mining Plc meddelar att de resolutioner som lades fram vid bolagets generalförsamling idag har godkänts genom omröstning. Resolution 1, ett vanligt beslut om att ge styrelsen befogenhet att emittera aktier, godkändes med 93,60% röster för och 6,40% emot. Resolution 2, ett särskilt beslut om att avstå från lagstadgade företrädesrättigheter, godkändes med 92,61% röster för och 7,39% emot. Det fanns 38,844,790 utestående stamaktier den 8 april 2025, och aktieägare har en röst per aktie. Röster som avstod räknas inte som giltiga röster. Mer information finns i kallelsen till årsstämman på företagets webbplats.

Beowulf Mining plc has announced the final terms of a capital raise involving the issuance of new shares and Swedish Depository Receipts (SDRs). The capital raise includes a conditional placing and subscription, a rights issue, and a retail offer in the UK, aiming to raise up to approximately SEK 59.1 million (£4.6 million). The funds will primarily be used for the development of the Kallak Iron Ore Project in Sweden and the Graphite Anode Materials Plant in Finland, as well as for working capital. The rights issue offers new SDRs at SEK 1.40 each, while the UK retail offer prices new ordinary shares at 11 pence each. Beowulf has secured underwriting commitments covering 40% of the rights issue. The capital raise will result in a significant increase in the company's share capital and potential dilution for non-participating shareholders. The proceeds will help the company advance its projects and seek alternative funding options. The announcement also contains forward-looking statements subject to various risks and uncertainties.

Beowulf Mining plc announced that CEO Ed Bowie will host a live presentation and Q&A session on 16 April 2025 to update on the company's activities and capital raise, and to answer investor questions. The event is open to current and potential shareholders, who can submit questions before or during the webinar via the Engage Investor platform. The announcement includes contact details for company representatives and brokers. A cautionary statement notes that forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ from expectations.

Beowulf Mining Plc has released an interview with its CEO, Ed Bowie, discussing the company's recent capital raise and providing updates on the Kallak Iron Ore Project in Sweden and the Graphite Anode Materials Plant in Finland. The interview is available online. The announcement includes contact information for Beowulf Mining and its advisers. A cautionary statement notes that forward-looking statements in the document are based on current expectations and assumptions, but actual results may differ due to various risks and uncertainties, such as changes in economic and political environments, geological information, financing availability, joint ventures, and metal prices. Beowulf is not obligated to update these statements immediately.

Beowulf Mining plc is calling a General Meeting on 8 April 2025 to discuss a Capital Raise through a conditional placing and subscription, aiming to raise at least £1 million. This is part of a larger effort that includes a Rights Issue of Swedish Depository Receipts (SDRs) and a UK Retail Offer, potentially raising approximately £2.9 million. The company has secured underwriting commitments for 40% of the Rights Issue. The funds will primarily support ongoing projects in Sweden, including the Kallak Iron Ore Project and a Graphite Anode Materials Plant. Two resolutions will be proposed: one to authorize the allotment of shares and another to disapply pre-emption rights. The Directors recommend shareholders vote in favor of these resolutions to ensure the Capital Raise can proceed, as it is critical for the company's financial stability. Shareholders can vote in person or by proxy, with detailed instructions provided for both options.

Beowulf Mining plc has announced a plan to conditionally raise approximately £1.0 million (SEK 13 million) through a placing, as part of a larger capital raise aimed at gathering at least £2.1 million. This funding will support the development of the Kallak Iron Ore Project in Sweden, the Graphite Anode Materials Plant in Finland, and general corporate purposes. The company has also planned a General Meeting for 8 April 2025 to gain approval for increasing share capital issuance. The capital raise includes a Rights Issue and a UK Retail Offer, aiming to gather up to SEK 59 million (approximately £4.5 million). The funds will help advance technical and environmental studies for Kallak and GAMP, and provide working capital into 2026. Beowulf has secured underwriting commitments for part of the Rights Issue and has arranged a Bridge Loan to ensure continued operations. The company is also pursuing strategic partnerships to further de-risk and accelerate project development.